Google’s parent company, Alphabet, is set to acquire a stake in Flipkart, solidifying its commitment to India’s growing e-commerce market. Alongside Walmart’s backing, this deal aims to modernize Flipkart’s digital infrastructure and expand into fintech and quick commerce. With Flipkart valued at $36 billion, the investment enhances its position against rivals like Amazon and Reliance. Additionally, MUFG Bank’s stake in DMI Finance underscores India’s rising prominence in digital finance and global investment interest.
Flipkart Gains Google’s Backing
By teamrizing
